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White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

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Page 1: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

Decentralized Document Authentication Platform

White Paper

Version | Draft_171207

XBC Technologies PTE. LTD.

Page 2: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

Table of Contents

Introducon 1.1 Abstract

1.2 Background

1.3 Vision

1.4 Our Mission

Aston 2.1 Definition of Aston

2.2 What to Expect from Aston

- Market Overview

2.3 Current Projects & Achievements

2.4 Near Future

Why Aston 3.1 X Chain

3.2 Smart PassOn

Roadmap 4.1 Overall Roadmap

Token Sale 5.1 Abstract

- Schedule

- ATC Token

5.2 Token Allocation

- Use of Proceeds

Who we are 6.1 The Team

Page 3: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

Introducon

Page 4: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

1.1 Abstract

Most electronic documents are heavily exposed to vulnerabilities. Unauthorized agents may intercept

sensitive documents and forge or modify them, altering their original purpose. However, there are very

few services that provide reliable and secure electronic document authentication. Recently, blockchain

has been offered up as a solution for more reliable and secure electronic document authentication,

distribution, and management. While the current blockchain platform is capable of facilitating

document delivery and execution, it is ill-equipped to handle the storage and circulation of regularly

updated electronic documents at scale.

AtAt ASTON, we provide a decentralized platform for the authentication of documents. Our technology is

developed using the existing blockchain platform, with enhancements that result in a cutting-edge

security solution. The X-chain technology developed by ASTON resolves the various problems present

in existing blockchain systems. We replace the traditional linear blockchain storage method with a

multi-dimensional blockchain structure, which makes digital document authentication significantly

more scalable. Moreover, the security authentication solution (Smart-PassOn) based on the public key

infrastructure (PKI) and the biometric signature authentication (FIDO) ensures an even higher level of

document security for users.document security for users.

Currently, ASTON works with business enterprises and large hospitals in Korea to pilot its secure

electronic document authentication platform. In the near future, we plan to roll out a commercial

service for companies and organizations in all sectors. Our X-chain technology will also have broad

applications in diversified fields globally because of its ability to outperform existing blockchain

technology.

The ATC issued by the sale of ASTON tokens will be used as the means for payment of usage of the

ASTON platform (including the platform usage fee, fee for issuance of documents, fee for storage of

documents, and so on). Furthermore, ASTON tokens can later be traded freely on cryptocurrency

exchanges around the world including Coinlink.

Page 5: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

1.2 Background

To confirm the credibility of documents, generally a trusted third-party institution is involved.

Government agencies validate birth/death certificates. Hospital databases are used to verify

prescriptions for medicine. Business enterprises have a paper trail for every employment offer and

every employee resignation. Now, blockchain technology is well-positioned to replace the formerly

indispensable traditional third-party trust structure with its distributed ledger. In the 1990s,

innovation came when individuals and businesses could begin to create, store, share, and process all of

their documents electronically. The move from analog to digital was a major milestone in document

management.management. At the end of the 2000s decade, cloud systems made information storage and

processing available anywhere around the world, at infinite scale. Today, blockchain technology leads

the latest wave of innovation for digital documents, ensuring the credibility and validity of data

distributed on its platform. This removes user reliance on trusted third-party institutions to certify

documents, and its secure applications may mark a paradigm shift in the global trust structure.

As consumers and businesses increasingly adopt the use and circulation of electronic documents,

related services arose too, such as cloud document storage and online notarization. However, several

vulnerabilities remained including fraud and unauthorized modification. At ASTON, we recognized

these limitations and have been successful in developing a sophisticated platform that addresses

these issues and satisfies all users.

These days, important information is well-documented but it isn’t always securely managed or stored.

Documents have evolved from their analog, hard copy forms to digital, soft copy formats. Of course, as

convenience rose in reproduction, storage, and movement, electronic documents came to assume

risks including fraud and unauthorized modification. Although online authentication and notarization

services cropped up to resolve these issues, they still reinforce the traditional trusted third-party

institution structure which most modern documents are tethered to.

[Evolution of Decentralized Computing Network]

Befor 2005 Today 2025 and beyond

Close and CentralizedComputing Networks

Open access Computing Network,Centralized Cloud

Distributed & DecentralizedComputing Networks

1.3 Vision

Page 6: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

1.4 Mission

In the near future, the certified hard copies of documents we have long relied on (e.g., school:

certificate of graduation, transcripts, certificate of registration and others; medical institutions:

waiting number ticket, receipt for medical treatment, prescription of medicines, record of treatment

and others; government agencies: certificate of birth, certificates of family/individual resident

registration, certificate of family relationship and others; private enterprises: all types of legal

contracts, certificate of employment, payroll schedules and others) will no longer be necessary. When

a a visit is made to the hospital for medical treatment, when an interview is completed for employment,

and when a report is submitted for a newborn baby, users will no longer need to prepare anything to

verify the corresponding information. The corresponding information will already be available in the

ASTON platform, and the data can be accessed using simple authentication through ASTON. All these

requirements will be processed in ASTON, the platform predicated on X-chain technology, and each

node will come to freely access, use, or change the information without geographical or technological

restrictions. This means the X-chain technology we build can be expanded to globally. Furthermore,

thisthis technology can be utilized in a more practical way in all types of industries where a mutual trust

relationship is required; the immediate application is possible without a third-party intermediary. In the

near future, people everywhere will live their lives within the ecosystem created by ASTON and we will

continue to innovate to provide more valuable solutions and tools for our users.

TThe world we hope to create through the technology we build at ASTON is one whereby all

participants become active authentication agents rather than the simple users of blockchain

platforms. We empower our users to validate the credibility of the electronic agreements and

documents they use independently, eliminating the need to utilize services from trusted third-party

institutions. We do this by combining public and private blockchains. We intend to create a world in

which everybody can contribute and participate as a node of the blockchain.

[Global Ecosystem for Circulation of Electronic Assets]

Aston

Aston

Aston

AstonAston

Page 7: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

Aston

Page 8: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

2.1 Definion of Aston

ASTON is a platform for the authentication of documents based on blockchain technology. Though

many different types of electronic documents exist, they are generally authenticated offline. If linear

blockchains are used, online authentication is theoretically possible but may be impractical in reality.

Online authentication would require the storage of large amounts of data, which can be difficult to

support for many users. Perfect decentralization with linear blockchains is impossible with a limited

number of devices and low storage capacity. To create a better user experience in which documents

cancan be authenticated without the intervention of a trusted third-party institution, the platform we

develop must make documents easy to execute on all desktop, tablet, and mobile devices.

The X-chains we apply revolutionize the way documents are managed and information is stored. In

order to reach the agreement regarding the information contained in a new block, consensus is

necessary only with the relevant blocks but not all blocks leading to a significant reduction in the

capacity and speed required for data processing. The result is a grand innovation in the series of

processes related to the storage, reference, issuance, and movement of documents. Furthermore, this

can be very easily applied for commercial and consumer purposes.

TheThe use of X-chain is crucial in the document distribution infrastructure, and to accurately and easily

verify new information inputs, we have created the Smart-PassOn solution, a biometric signature

authentication security technology based on PKI. This helps to expedite the authorization process for

digital documents.

OnceOnce the ASTON platform is completely developed, users can easily access ASTON through their

personal computers and mobile devices. Large enterprises will be able to access ASTON through their

ERP, groupware, or cloud systems to deliver and authenticate their documents. The ASTON platform

will also carefully connect to each of the nodes without synchronizing the data across the entire

blockchain.

The user who uses the Aston finally completed in its development based on the above components can

use all services of Aston by way of the smart device (smart phones, tablet PCs, smart watches and etc.)

owned by oneself and this will typically be the enterprise or the government agency which has the need

to render the service through the Aston platform. The enterprise or government agency will access

Aston through their system currently in use such as ERP, groupware, cloud and other systems to

provide/authenticate the documents as required. In this way, the credibility of the documents existing

withinwithin Aston can be established by the consensus of the nodes directly related to the corresponding

information.

[Aston Ecosystem]

Service Utilization Service Offer

Page 9: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

2.2 What to expect from Aston

Market Overview

Survey data from reputable research firms suggest market demand for the ASTON platform will grow

rapidly in the coming years. According to the Electronic Access Control Systems Market report by

ReportsnReports.com, the global market for electronic authentication management systems

experienced an annual growth rate of 7% over the past 5 years and reached USD 16.3 billion in 2017.

Additionally, research from Tractica’s biometrics market forecast suggests the global market for

biometric signature authentication (FIDO) is expected to grow 22.9% annually from USD 2.5 billion in

2016 to USD 15.1 billion in 2025.

[Market Forecast 1]

2025

2016

15.1 billion

2.5 billion

11.6 billion

2012 2017

16.3 billion

7% average growth every year

22.9% average growth every year[Market Forecast 2]

Page 10: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

2.3 Current Projects & Achievement

ASTON development is in charge of Certon. XBC Technologies will maintain a close relationship with

Certon which has the state-of-the-art technology, and will ensure that ASTON development and

management are in order. Certon's blockchain technologies have already been completed. (The Project

history and Developer introduction listed below, Roadmap includes Certon's work detailing the core

contents of ASTON.)

2.3.1 Doorian

WithWith its development completed in November 2016, the Doorian service automatically creates and

stores debt bonds in the blockchain network through the digital signature of electronic documents

when the funds are remitted between participants through the platform. This program was completed

in partnership with the FinTech Innovation Center at NH Nonghyup. The organization also provided us

with special access to its financial API called NH Open Platform. Doorian is the first mobile platform for

the authentication of documents in Korea utilizing blockchain technology, which provides users with a

high level of convenience and security. Soon, we will be able to expand the use of the Doorian’s

underlying technology for broader commercial purposes.underlying technology for broader commercial purposes.

2.3.2 Medical Certification Service

AtAt large hospitals, more than one million sensitive medical documents are printed each month for

check-ups, hospital discharges, and medicine prescriptions. However, most people fail to properly

dispose of all these printed materials effectively, leaving the personal information inside vulnerable. In

a move to resolve this problem, we enabled hospitals to issue and confirm medical certificate

documents electronically. Hospitals ask patients to use their smartphones to fill out, share, and

retrieve their personal information and medical records. By distributing this information on our

blockchain platform instead of on hard copy documents, we minimize risks associated with the

storage, management, and transfer of sensitive personal and medical information. storage, management, and transfer of sensitive personal and medical information.

[Doorian App]

Page 11: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

2.3.3. Mobile Smart Platform for Biometric Authentication

Certon’sCerton’s blockchain-based mobile security authentication service is being developed together with

LGU+, one of the top three mobile telecommunication companies in Korea. In the future, our plan is to

expand this solution to all domestic mobile telecommunication companies too. At the moment, when

users enroll in a new telecommunications service, they have to present a series of materials that verify

their identity and authenticate their enrollment. This cumbersome process happens each time they

subscribe to a new service. Once we roll out our blockchain-based mobile authentication service, LGU+

usersusers can sign up for all LGU+ services seamlessly after they have completed their initial registration

and authentication. Soon, users will be able to use our mobile smart platform for documents beyond

LGU+ instances, opening the door for broader application of this technology too.

Currently, we partner with more than 90 large hospitals in Korea that use our pilot medical certification

service. With help from 4C Gate, we also plan to commercialize the industry’s first medical certification

service later this year allowing us to place our technology in more hospitals and other major medical

institutions in Korea.

[Fido Flow]

[User Experience]

Patient InsuranceHospital

InsuranceHospital

Patient

Blockchain

Service ProviderCustomer

Page 12: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

2.3.4 Coinlink (Exchange of Cryptocurrency)

Coinlink operated by Certon is an ultra-secure global cryptocurrency exchange. When we introduced

our beta 1.0 service in September 2017, we saw a wide range of coins being traded on the exchange.

We plan to launch our global 2.0 service during the first quarter of 2018 and will add support for HTS

and APP. Coinlink plans to operate the business through subsidiary companies or alliance companies in

different countries around the world.

[Coinlink Web]

2.4 Near Future

Our current dependence on trusted third-party institutions to certify and validate documents creates

headaches for users. Of course, we at ASTON are eager to provide a permanent solution to that

problem. Document management, including preparation, issuance, submission, and delivery, will

become significantly easier once we have fully developed our platform for wide commercial use. Our

technology will streamline the document execution process too, saving users time since documents

are often delayed during the notarization process.

ThisThis type of innovation is made possible because of the decentralized ecosystem for document

circulation through Xchains. This will also help individuals and enterprises save money because it

minimizes costs associated with data administration and security. Since these changes can be applied

to all service categories and industries such as medicine, telecommunications, legal, logistics, and

education, it won’t be long before we can witness a future shaped by ASTON.

ToTo bring ASTON to market and to develop its ecosystem, we need to focus on building infrastructure

such as a perfectly decentralized network and middlewares to connect all the gateways. Also, we will

develop decentralized applications (dApps) that can handle the full lifecycle of digital documents

hosted on ASTON. These functions include document creation, distribution, authorization, and so on.

Page 13: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

We are developing infrastructure and dApps simultaneously to quickly bring our product to market. We

also anticipate standalone companies being built that will specialize in the development of dApps in the

ASTON ecosystem.

[Cross Device between Aston]

[For Individuals]

2.4.1 dApps

1) Aston Wallet

TheThe ASTON Wallet application enables individual users to authenticate their identity using their own

smart devices, to easily confirm or request the documents they need, and to investigate the activity

logs of the documents related to them. This app will be the primary one used among the general

population. Its core functions will include authentication of users, issuance of documents, and

notifications. Furthermore, it will enable users to create and dispatch the documents. This application

is scheduled to be completed during the first half of 2019.

Page 14: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

2) Aston Business Wallet

TheThe ASTON Business Wallet will serve as our enterprise-level application for businesses and other

institutions. Its purpose is to provide the government and enterprise users with a convenient way to

access the ASTON Gate ERP software. It will also be accompanied by a diverse array of applications

customized to fit the user’s particular needs. Its major functions include the authentication of

documents, and the dispatch and receipt of documents. This application is also scheduled to be

completed during the first half of 2019.

3) Aston Vote

TheThe ASTON Vote app allows users to accurately and quickly cast their vote in situations that require

rational and trustworthy decision making. Since votes can be shared simply and safely through smart

contracts based on Xchains, the application can be conveniently utilized in diverse areas requiring fast

decision making. When paired with the ASTON Wallet app, The ASTON Vote application enables

everybody to participate in a ballot easily and rapidly. Currently, ASTON is securing partnerships with

democratic countries around the world and is finalizing customer contracts with international

companies. The development of this application is scheduled to be completed during the second

quarter of 2019.quarter of 2019.

2.4.2 Infrastructure

1) Aston Gate (Aston Management Solution)

This is a software solution that collects information recorded in the DBs of institutions and enterprises

and stores it in ASTON. ASTON Gate will be compatible with Windows and Mac OS platforms and will be

designed to allow easy use in the cloud. Companies will be able to use ASTON Gate to capture, manage,

[For companies]

[For Organizations]

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and review the data it receives. The solution is malleable, and can be customized to accommodate

thepecific needs of our customers in different industries and categories.

2) Aston Factory (Blockchain API host service)

ThisThis serves as the API access tool to enable users such as enterprises and government agencies to

mutually share documents and to access important information. Our solution aims to establish a

one-stop service that manages everything from verification of information to billing. As big data has

exploded, the API industry has also experienced rapid growth. However, due to their security

vulnerabilities, APIs are seldom used. ASTON Factory is the premier verification and billing tool to

overcome the restrictions and risks prevalent among APIs today. ASTON Factory allows businesses to

securely handle sensitive personal information from its users.

3) Aston ITP (International Trade Protocol)3) Aston ITP (International Trade Protocol)

AtAt ASTON, we will develop our own standard protocols to ensure documents in our system are

received, processed, and executed in a consistent manner, especially internationally. Although the

language for monetary transfers is meant to be standardized, we still see a wide variety of terms used

between financial institutions and platforms. This inconsistency can complicate and delay the funds

transfer process. The goal of ASTON ITP is to be able to securely handle digital documents and provide

users with a seamless experience. With ASTON ITP, we can easily imagine a borderless world where

your local, neighborhood shoemaker can export his goods to overseas to customers in Argentina,

Cambodia, and even South Africa.Cambodia, and even South Africa.

Page 16: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

Why Aston

Page 17: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

3.1 The X-chain

The size of blockchains in which the details of all transactions are recorded is bound to grow as the

cumulative number of transactions grows. In other words, as time passes, the network will expand to a

point when it becomes impossible for all participants in the network to store and manage all the existing

blockchains. That is, the systems (nodes) with the capacity capable of the storage and administration of

the whole blockchains will progressively diminish in their number. As a result, there is a high possibility

that a relatively small group of oversize nodes will form over time. This leads to centralization. In this

case,case, whole blockchains are managed by a relatively small group of nodes; consequently, the credibility

of transactions in those blockchains are reliant on that centralized group of nodes. This compromises

the fundamental concept of blockchains: decentralization.

(The information about the document created and the history of reference, modification, approval, and

more is organized serially in a chronological order to form the blockchain. While in possession of the

whole blockchain from A00~A09, the document administrator B has to check all blocks subsequent to

A04 except for B02 in order to verify the integrity of B02.)

[Blockchain of the Linear Structure]

A00 A01 A02 B01 A03 B02 B03 A04 C01 C02 B07 C08 C09 A08 A09B00 C00

[Format of a Blockchain with 2 dimensions]

Main ChainSub Chain

H0

B0

-

H01

B01

H0

H02

B02

H01

H03

B03

H02

H1

B1

H0

H2

B2

H1

H21

B21

H2

H3

B3

H2

H31

B31

H3

H32

B32

H31

H33

B33

H32

H4

B4

H3

H41

B41

H4

H42

B42

H41

...

HN

BN

HN-1

HN1

BN1

HN

...

HNM

BNM

HNM

Page 18: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

The full nodes responsible for mining the new blocks in the X-chain still collect information about all

blocks. However, when clients just want to evaluate the validity of a document rather than the mining of

it, they shouldn’t have to observe the whole block. Each user can verify the credibility of the target

document to a sufficient level by only acquiring the sub-chain containing the document that requires

verification and the main-chain at the next higher level without the need of a trusted third-party

institution. Here, the full nodes only undertake the role for mining rather than as the trusted third-party

institutioninstitution to confirm the credibility of the documents. (For details, please refer to the X-chain white

paper posted in the homepage. https://aston.company) ASTON currently holds 2 domestic patents on

X-chains, and the PCT international patent is pending.

Patent 1. The Method to Manage the Data by Utilizing the Blockchain System and the Blockchains

Patent-2017-0059270 (PCT/KR2017/010017)

Patent 2. The Method for Creation of Blockchain System and the Blockchains

Patent-2017-0059276 (PCT/KR2017/010020)

[Format of an X-chain of a Multidimensional Structure]

In reflection of the characteristics of the electronic documents mentioned previously, the X-chain

categorizes the records (transactions) related to a document based on the ‘document’ or the other

equivalent criteria rather than linking them in a single linear structure. And by implementing multiple

chains based on the same criteria, the multidimensional blockchain is conceived. For example, when the

document is used as the criteria, the ‘first creation’ of each document is recorded in the blockchain

(main-chain) of the same linear structure as the existing blockchains. However, the additional records

(transactions)(transactions) which occurred to the specific documents recorded already in the main-chain such as the

modifications are recorded in the sub-chains which are the other blockchains created on the basis of the

related block in the main-chain as a genesis block rather than in the main-chain.

Page 19: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

Major Features

1. Biometric Signature Authentication (FIDO)

The API is provided to enable the implementation of an identity authentication service by utilizing the

biometric information unique to individuals such as the fingerprint, iris, face, voice, and more for identity

confirmation.

2.2. Identity Verification for Registration/Identity Authentication after Registration The API is provided

which is necessary for electronic authentication by utilizing the private certificates and the

authentication institutions based on the public key infrastructure for the identity verification of

individuals for registration necessary when they use the service for the first time, and the identity

authentication of individuals after registration

3. Operation and Administration of Electronic Documents

AllAll of the APIs provided are needed for the operation and administration of the electronic documents

and the interface to corroborate the format of the electronic documents. These facilitate encryption,

data compression, and more for rendering documents that require digital security and authentication.

4. Blockchain System

Our system converts existing blockchain technology to formulate a new paradigm for the storage of

information electronically.

<Smart-Pass-On Solution Architecture>

input data/save

data management

identity authentication

identity verification

biometrics authentication

3.2 Smart-PassOn

The Smart-PassOn feature is a solution aimed to provide an easy and convenient security authentication

solution. Our target customer is FinTech businesses. The Smart-PassOn is implemented using PKI

private authentication, biometric signature authentication (FIDO), and blockchains. When the Smart-

PassOn solution is utilized, the diverse solutions for authentication, identification, security, and data

administration are consolidated. Enterprise users will no longer have to implement each solution

individually and, instead, can access all of the Smart-PassOn features in a bundled package for a

readymade out-of-the-box solution.

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Roadmap

Page 21: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

4.1 Overall Roadmap

3Q 2016 Signed agreement to develop FIDO solutions with Samsung SDS.

4Q Completed development of Doorian.

1Q Opened the FIDO Open API Platform 1.0.

2Q Filed for two patents in Korea for X-chain.

4Q Launched pilot service for certifying medical documents with 2 large scale hospitals.

4Q Aston Token Sale

4Q Began development on a medical proof certification blockchain.

platform with two general hospitals.

2016

2017

2018

2019

1Q Plan to launch Coinlink’s Asia Service | Launch HTS / App.

1Q Commenced the development of infra tools based on X-chain.

2Q Expand medical proof certification service to wider range of hospitals.

3Q Commercialize smart biometric authentication platform.

4Q Plan to launch pilot service for public document proof certification.

1Q Plan to launch Aston Southeast Asia.

1Q Begin development of the Aston Wallet and the Aston Business Wallet.

2Q Plan to launch Aston Global.

2Q Completed the development of the ASTON Factory and the ASTON ITP.

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Token Sale

Page 23: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

5.1 Abstract

Schedule

Pre-sale : 6 December 03:00 UTC ~ 10 December 15:00 UTC

Crowdsale : 11 December 03:00 ~ 17 December 15:00 UTC

IfIf the target amount is not attained during the period of the crowdsale, the additional crowdsales (the

period for each crowdsale is restricted to a maximum of 1 week) can be carried out up to 7 times and the

particulars are planned to be announced through the homepage (https://aston.company) 24 hours

before each of the starting dates.

ATC Token Sale

AA total of 10,000 ETH is targeted to be collected through the pre-sale as well as the crowdsale and 1,500

ATC tokens are planned to be issued for each unit of Ethereum. However, if 1,000 ETH, at 10% of the

target, is not collected after the maximum 7 times of crowdsales, the Ethereum collected will be

returned in full.

Participation in the ATC token sale is restricted to use of Ethereum only. The distributed ATC tokens are

delivered directly to your individual wallets.

TheThe ATC tokens issued through the ATC token sale cannot be in the form of equity or debt securities and

do not guarantee any type of income to the contributors either.

Under the current circumstances whereby international attention is raised regarding ICOs, there is a

possibility that the regulations on ICOs may appear abruptly in each country. If any damages are

expected to be caused to the participants due to the ICO regulations during the period of ATC token sale,

the refund procedure will commence for the participants from the corresponding countries after posting

the announcement through the ASTON website.

XBCXBC Technologies PTE. LTD. is a corporation established in accordance with the Singapore law and has

complied with the legitimate ICO procedure by Singapore law. However, regulations on ICOs differ from

country to country, and individual regulations may be applied depending on the country of the

participant. Residents or nationals of the United States, China or other countries may not participate in

the ASTON Token Sale in order to remove the illegal elements according to the nationality of the

participants. Residents or nationals of other countries are obliged to comply with the laws and

regulations of their respective countries.

InIn addition, if ICO regulations can be abruptly enforced, and if there is a possibility that ICO will not be

able to proceed objectively due to the regulation, or that the participants may be harmed, XBC

Technologies PTE. LTD. will notify the details through the website (https://aston.company) You can then

stop the ICO. This information will also be sent individually to the e-mail address that was filled in when

participated in ICO, and the procedure for returning the ETH paid will proceed without delay.

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Token Holder’s Benefit

ATC will be used as the means for payment for all services provided by ASTON and it will not be supplied

any more after the completion of the crowdsale. To issue additional ATC, an agreement must be made

by the owners of ATC and there must be a 70% or higher consensus.

Bonus Policy

Pre-sale : 30%

Crowdsale : 15%Crowdsale : 15%

If additional crowdsales up to the seventh are in progress, bonuses for each period are as follows. (The

ETH amount is based on the Tx Hash.)

Since ATC is issued as a verifiable cryptocurrency, the ATC holder aims to have ATC own value.

Therefore, ATC holders have no right to demand equity or obligation to XBC Technologies PTE. LTD. and

third parties for their token holdings, and the value of ATC after the ATC has been sold and distributed,

except when the initial sale of crowd sale is restricted. You may not claim to return ATC to XBC

Technologies PTE. LTD. in cash or other cryptocurrency for any reason, including ATC price fluctuations

Token Sale

Pre-Sale 30%

15% 20% 25%

25% 30%

20%

15%

10%

15%10%

5%

0% 5%

10%0% 5%

10%0% 5%

10%0% 5%

10%0% 5%

10%

Crowdsale

1st additional sale

2nd additional sale

3nd additional sale

4nd additional sale

5nd additional sale

6nd additional sale

7nd additional sale

Less than

300 ETH

Less than

6,000 ETH

Less than

8,000 ETH

Less than

10,000 ETH

More than

10,000 ETH

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5.2 Token Allocaon

5.3 Use of Proceeds

1) Only the institutional investors and Angel investors pre-approved by ASTON can participate in the

pre-sale. General investors cannot participate in the pre-sale.

2) The withdrawal will be prohibited for 2 years for the 15% of ATCs stored as reserve and they will be

used for the expenditures of additional development, operation, marketing, and more after 2 years.

3) The following prohibition period of sales will be applied to the ATCs distributed to the Team.

Within 6 months – 20% of the quantity of token distributed can be sold.

After 6 months ~ within 1 year - 30% of the quantity of token distributed can be sold.

After 1 year ~ within 2 years - 50% of the quantity of token distributed can be sold.After 1 year ~ within 2 years - 50% of the quantity of token distributed can be sold.

Pre & Crowd Sale(1) 50%

5%

15%

15%

15%

Bounty

Reserve(2)

The Team(3)

Community Groups & Partners

Total 100%

Development System and infrastructure development expenses

Marketing & Promotions expenses for our services

Operation expenses including legal

Marketing & Promotion

Operation

Use of proceeds

50%

30%

20%

Percentage Explanation

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Who We Are

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6.1 The Team

CEO | Seungki Kim

CEO at CertOn and Givtech

Board member of Korean Blockchain Association

Blockchain Committee member in Minjoo Party

CEO at CertOn

CFO at Senex Technology

Chung-Ang University, Business School

CEO | Kyungok Park

CTO | Yongsuk Kwon

CTO at CertOn, X-Chain Architect

CTO at Givtech, Head of Blockchain R&D Center

SW engineer at Samsung Electronics R&D Center

CISO | Sangjin Yoon

CSO | Youngjun Cho

CISO at CertOn

Information Technology Service Management at AhnLab

Certified Information System Security Professional

CFO at CertOn

Head of Strategy Planning and Marketing at Daou Data

Yonsei University, Business School

CFO | Byeongjin Kim

CEO

CSO at CertOn

CEO at Changjaeso, Fintech startup company builder

System Engineer at IBM and NHN

Head of Strategy Planning | Hyuntae Joo

CFO & VP at Bratvillage Inc in South Korea

Financial Strategist at Coupang, NC Soft, GSK

HKU MBA in partnership with London Business School

Platform Developer | Dongin Im

Chief Blockchain Engineer at CertOn R&D Center

CTO & Co-founder at Changjaeso

MIM/Web/Mobile Service Architect

Page 28: White Paper XBC Technologies PTE. LTD. · 2017-12-14 · 2.1 Defini on of Aston ASTON is a platform for the authentication of documents based on blockchain technology. Though many

Be a part of Auto Doc Ecosystem Now!

Disclaimer

This white paper is intended for general informational purposes only and the specific terms and

conditions of sale of the ATC will be governed by the separate contract or purchase terms. Nothing in

this whitepaper shall be construed to define the terms and conditions of a particular company or

individual, and XBC Technologies PTE. LTD. assumes no liability for any third party conduct (such as third

party transactions) that does not form a legal relationship with XBC Technologies PTE. LTD.